CHICAGO — Surface Transportation Board Chairman Martin J. Oberman has joined the list of speakers scheduled to appear at the North American Rail Shippers Conference, beginning tomorrow, April 30, and running through May 2 in Chicago. Oberman last week announced he would retire from the STB chairmanship on May 10 [see “STB’s Oberman sets May […]
OMAHA, Neb. — Union Pacific today took the wraps of its first mother-slug set of hybrid switching locomotives that can run on diesel fuel or batteries. The units, SD40-2 slug set UPY No. 409 and UPY No. 309, were converted at the railroad’s Jenks Locomotive Shop in North Little Rock, Ark., and will begin testing […]
Norfolk Southern says activist investor Ancora Holdings violated the Railway Labor Act when it negotiated a deal with the general chairmen of the Brotherhood of Locomotive Engineers and Trainmen in exchange for the union’s support in its proxy campaign. The BLET in February was vehemently opposed to Ancora’s plan to oust Norfolk Southern’s management and […]
In a significant boost to activist investor Ancora Holdings, one of the two major proxy advisory firms has recommended that Norfolk Southern shareholders vote in favor of six of its seven dissident board candidates. Glass Lewis made the recommendation in a report issued on Sunday, which concludes that Ancora has made a compelling case that […]
MOLINE, Ill. — Among the 69 projects receiving Federal Railroad Administration Corridor Identification and Development Program grants last December was a familiar route: Chicago-Quad Cities. Familiar because that route, in addition to being among the recipients of the $500,000 Corridor ID grant [see “Full list of passenger routes …,” Trains News Wire, Dec. 8, 2023], […]
Industry observers had wondered why the Brotherhood of Locomotive Engineers and Trainmen — which had vehemently opposed an activist investor’s plans to oust Norfolk Southern’s management team — flip-flopped on Friday and decided to support Ancora Holdings’ calls for change at the railroad. The reason became apparent on Sunday, when the SMART-TD union that represents […]
WASHINGTON — A Missouri congressman has introduced a resolution seeking to nullify the Federal Railroad Administration’s two-person crew requirement announced earlier this month. U.S. Rep. Eric Burlison (R-Springfield, Mo.) introduced the Congressional Review Act resolution in the wake of the FRA requirement [see “FRA issues rule requiring two-person train crews,” Trains News Wire, April 2, […]
WASHINGTON — Surface Transportation Board Chairman Martin J. Oberman will retire as of May 10, he announced today (Friday, April 26). Oberman, a board member since January 2019 and chairman since January 21, 2021, had announced his plans to step down from the board last November, but had not set a date [see “STB chairman […]
WASHINGTON — Well, you can bet there will be interesting discussions going on in Norfolk Southern locomotive cabs today. Just hours after the Brotherhood of Locomotive Engineers and Trainmen reversed course and said it would back activist investor Ancora Holdings in its bid to oust Norfolk Southern management, the SMART-TD union that represents conductors said […]
INDEPENDENCE, Ohio — The Brotherhood of Locomotive Engineers and Trainmen is now backing activist investor Ancora Holdings and its call for management change at Norfolk Southern. The union’s decision, announced today, is the second in as many days: The union representing maintenance of way workers yesterday swung its support to Ancora. The unions represent 41.5% […]
BOSTON — The Massachusetts Bay Transportation Authority has extended the contract of Keolis Commuter Services, which operates the agency’s commuter trains, by one year to mid-2027, the CommonWealth Beacon reports. The agency said the extension allows time to develop a new contract arrangement for its future operator that would help provide private-sector funding to help […]
NEW YORK — The Metropolitan Transportation Authority on Thursday released its Climate Resilience Roadmap, outlining steps the agency has identified to protect New York’s transit system from the effects of climate change. The 130-page report, unveiled in an event at Metro North Railroad’s Mott Haven Yard, outlines 10 goals to address the impacts of flooding, […]
